I bet if you read the license agreement of most of the other software, you'll be very surprised to know it's not only Adobe who owns you.
Yeah, but 99% of the time, the software is on a disk and is virtually in-enforceable. Thus, gives the end user's the power but adobe CC reverses all that.
You own the license key for the software, nothing more. All Creative Cloud does is make you pay a monthly subscription for that License key, instead of paying a one off fee for it. Adobe has always had more power than the end user. If you break the T&C's and EULA then Adobe can revoke the License key easily i.e. blacklist the license key on the authentication server side of things. Once Adobe starts to turn off the authentication servers for more recent versions of CS like they did for CS2 then you'll be in a right old pickle. If you can't use a license key, then having a copy of the software on disc is redundant.
I really don't see what all the fuss is about, if anything Creative Cloud makes it clearer just how much power Adobe has always had over users. If you think Adobe's EULA's and T&C's are bad take a look at Apple and Microsoft ones for their respective Operating Systems.